UFX Review 2020

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UFX, an international brokerage company, was founded and registered in Cyprus in 2007. Since 2011, the company has been regulated by the EU’s supervisory authority and the Cyprus Securities and Exchange Commission (CySEC). It obtained licenses from IFSC and CySEC.

  • Start year:2007
  • Country of origin:USA
  • Regulation:MiFID
  • Payment options:MasterCard, Visa, Visa Electron, Maestro, Diners Club, Skrill, Cashu, WebMoney, QIWI, NETELLER, Sofort, ELV, Giropay, Neosurf, iDEAL, China UnionPay, POLi
  • Minimum account size:$100
  • Minimum lot size:0.01 lot
  • Leverage:1:400, 1:50, 1:20
  • Spreads:from 2 pips

With UFX, traders have a big choice of trading instruments such as currencies, shares, CFDs for futures, commodities, and indices. The broker applies STP (straight-through processing) of operations and ensures fixed spreads.

Importantly, UFX clients are not charged any commissions. They pay just a rollover fee, or overnight swap. It is calculated when a trader leaves a position open past 00:00 GMT.

The broker equips traders with ParagonEx 4.0, its own original trading platform. It is available in any browser and does not have to be downloaded. The trading platform is developed in 14 languages. There is a user-friendly interface and a full arsenal of trading tools. Besides, traders can enter the market through MetaTrader4, a time-tested trading platform.
Clients can make use of the MassInsights technology, which displays a live stream of market events, news, and aggregated trader behavior.

The broker’s clients can choose from five types of trading accounts:

  • Mini account (requires a deposit of $500),
  • Standard ($1,000), gold ($5,000),
  • Platinum ($10,000),
  • Islamic ($1,000).

Leverage up to 1:200.

The broker offers its clients a wide range of payment options: Skrill, WebMoney, Qiwi, Sofort, ELV, Giropay, China UnionPay etc. Besides, traders can pay by credit and debit cards with the following logos: Visa, MasterCard, Maestro, and American Express.

In the course of time, the brokerage company has won prestigious awards in several nominations such as The Best Trading Platform, The Best Partnership Program, The Best Forex Customer Service, FX Broker of the Year 2014 and 2015.

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